https://www.taxtmi.com/caselaws?id=462277 ITAT Bangalore allowed the assessee bank's appeal on multiple grounds. The Tribunal held that proviso to section 36(1)(vii) applies only to rural advances and cannot disallow deductions for non-rural bad debt write-offs. Section 115JB (MAT) provisions were ruled inapplicable to nationalized banks under the Banking Company Act, 1980. Deductions under section 36(1)(viia) were allowed subject to prescribed limits when provisions are made in accounts. Section 14A disallowance was rejected as provisions are prospective from AY 2008-09. TDS under section 194J was not required for ATM network charges as services were standard, not exclusive technical services. Wage arrear provisions were allowed as contractually certain and reasonably estimable. en-us Thu, 08 Aug 2024 00:00:00 +0530 Thu, 05 Jun 2025 12:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462277 ITAT Bangalore allowed the assessee bank's appeal on multiple grounds. The Tribunal held that proviso to section 36(1)(vii) applies only to rural advances and cannot disallow deductions for non-rural bad debt write-offs. Section 115JB (MAT) provisions were ruled inapplicable to nationalized banks under the Banking Company Act, 1980. Deductions under section 36(1)(viia) were allowed subject to prescribed limits when provisions are made in accounts. Section 14A disallowance was rejected as provisions are prospective from AY 2008-09. TDS under section 194J was not required for ATM network charges as services were standard, not exclusive technical services. Wage arrear provisions were allowed as contractually certain and reasonably estimable. Case-Laws Income Tax Thu, 08 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462277